Pinsent Masons has advised Dutco Group on the sale of its 21% stake in Gulf Cobla to BlueFive Capital, as part of BlueFive's acquisition of a controlling 70% interest in the company.
The transaction combines BlueFive Capital's acquisition of the entire 49% shareholding held by Advanced Dynamics Investments, an affiliate of Saudi Binladin Group, with the additional 21% stake acquired from Dutco Group. Following the transaction, Dutco will retain a 30% interest in Gulf Cobla, reflecting its continued commitment to the business while welcoming a strategic investment partner to support its next phase of growth.
Pinsent Masons' Dubai corporate team was led by William Reichert, with support from Millie Hubbard. The transaction highlights the firm's continued strength in advising on complex corporate and private equity transactions across the Middle East.